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Why Investors Believe Bitcoin Could Hit $100,000
Since its launch in 2009, Bitcoin (BTC) has grown incredibly, attracting significant interest from many investors. It has also seen a significant rise in the price of its tokens, especially between 2013 and 2021, when it rose by a whopping 12,700%.
In 2022, the price of BTC dropped to $17,000, but then began to steadily rise for most of 2023, closing the year at just over $40,000. 2024 has also been a good year for BTC, with the token trading above $50,000 for the first time in over 24 months on February 12.
As a result of this surge, technical analysts are predicting that the token could hit $100,000 sooner than expected. Although this prediction may seem a bit high, by studying the price path of $BTC over the years, we can conclude that the prediction is most likely correct.
For example, in January 2014, Bitcoin was trading at around $800, but by 2024, it had already risen by 5,900% to $48,000. If the cryptocurrency maintains this rate of price increase, it should reach $98,700 in January 2025, and potentially $10,000 the following month.
#BTC#cryptocurrency#bitcion#blockchain#cryptonaat
#BTC_010#DOGE
Everyone
#Trading#المؤشرات
btc
Since its launch in 2009, Bitcoin (BTC) has grown incredibly, attracting significant interest from many investors. It has also seen a significant rise in the price of its tokens, especially between 2013 and 2021, when it rose by a whopping 12,700%.
In 2022, the price of BTC dropped to $17,000, but then began to steadily rise for most of 2023, closing the year at just over $40,000. 2024 has also been a good year for BTC, with the token trading above $50,000 for the first time in over 24 months on February 12.
As a result of this surge, technical analysts are predicting that the token could hit $100,000 sooner than expected. Although this prediction may seem a bit high, by studying the price path of $BTC over the years, we can conclude that the prediction is most likely correct.
For example, in January 2014, Bitcoin was trading at around $800, but by 2024, it had already risen by 5,900% to $48,000. If the cryptocurrency maintains this rate of price increase, it should reach $98,700 in January 2025, and potentially $10,000 the following month.
#BTC#cryptocurrency#bitcion#blockchain#cryptonaat
#BTC_010#DOGE
Everyone
#Trading#المؤشرات
btc
See original
The most popular cryptocurrency has seen sharp volatility in recent days, with its price hitting a new high.
What's happening now?🧐
◽ Opinions on the future of the currency differ between optimists and skeptics.
◽ Analysts warn of "excessive momentum" in the market.
◽ Some see a need for a potential price correction.
BTC
##crypto
What's happening now?🧐
◽ Opinions on the future of the currency differ between optimists and skeptics.
◽ Analysts warn of "excessive momentum" in the market.
◽ Some see a need for a potential price correction.
BTC
##crypto
2usdt 💝💝🎁🎁🙏🎁
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